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tv   Varney Company  FOX Business  April 9, 2014 11:00am-1:01pm EDT

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thanks for joining us. that will do it for us on the opening bell. time for "varney and company" with a market up 30 points. stuart: we will take it, thank you very much. obamacare really is a disaster. the irs, yes, there is a smoking gun. obamacare three new items paint a grim picture. the biggest premium increase in years, we expect quality of care, you are locked out of the health-insurance market the rest of the year. to divert attention from all of that. in 2011 the irs's los lerner runs this. tea party matter, very dangerous. the president's political opponent. investors relax, it is bounce back day so far. and please, that is a cloned dog, $100,000 a copy.
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would you pay? peter: -- "varney and company" is about to begin. ♪ >> i have not done anything wrong. i have not broken any laws. i have not violated any irs rules or regulations and i have not provided false information to this or any other congressional committee. stuart: she says she didn't do anything wrong so why did lois lerner write this in an e-mail to the division of tax-exempt status in 2011? direct quote, the tea party matter, very dangerous. as you can see the tea party is named lose the political threat is mentioned this lois lerner refuse to answer questions. house will vote on contempt charges tomorrow. the attorney representing some
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of the targeted tea party organizations. that quote i just read, i know you have seen it. is that a smoking gun? >> yes. i think it is. there's another aspect to it. the next couple sentences later talks about this is significant, we need to get chief counsel's office involved in this investigation. chief counsel is appointed by the president of the united states so this e-mail exchange from lois lerner to the other irs officials points to what we have been concerned about and alleging all along, that this originated probably higher up than lois lerner. she was a key figure no doubt and that is why she has taken the fifth and you will see a criminal -- you have seen a criminal reference letter coming out of ways and means today to the justice department and probably will see a civil contempt vote tomorrow of house ways and means but this e-mail coupled with a few others that surrounded show a pattern where they view these cases as very dangerous, these groups as varied dangerous and sought the
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input of chief counsel's office to continue the targeting. that is why they wanted chief counsel's office in there. stuart: our viewers, we have been following this for a long time and the question stands did the president and/or the campaign of 2012 did it use the machinery of government to intimidate the president's political opponent? that is the basic question we are trying to answer. do we have an answer? can we prove there was a connection? >> let me tell you what we put in our civil complaint representing 41 groups. i don't have a memo from the president of the united states to the chief counsel's office of the irs or tax-exempt saying do such and such, target these groups but here's what we have. a speech the president gave to congress in the state of the union where he chastised the supreme court of the united states with the citizens united case. that case was opened up the ability of corporations to
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engage in political activity. he chastised the that. recall that for an shady groups. the supreme court was sitting there when he made these allegations against the supreme court. within weeks of him saying that a series of meetings took place at the irs and at the white house with the chief counsel of the irs, the head of the treasury, the head of the irs and they met with the president and others within the administration and within 30 days the targeting scheme was launched. is there a memo from the president's saying do this? that i don't have. i think it started with this speech, the state of the union message. stuart: this week maybe tomorrow this thing breaks wide open? >> i think you will see tomorrow, you have criminal reference letter today, the
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criminal issue, tomorrow i expect to see a civil contempt action voted on that will eventually vote through the house and that will be in federal court in washington d.c.. we will find out of los lerner was able to take the fifth amendment or waive it when she put her innocence before she invoked the fifth. stuart: very big story for us. i want you to check the share price of toyota. one of the largest in automotive history, five models affected, total recall is almost 6.5 million vehicles worldwide. sounds to me like the general motors, the pressure and general motors with their recall, pandora's thoughts and everyone in his brother recalling for some reason or other. >> keep in mind no deaths or injuries have been reported. toyota's instance some of the reasons for which they are recalling these vehicles are minor, when she'll wiper, motor, seats that don't lock into place
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but then some really big ones like the starter motor, fire hazard they mentioned here, steering column brackets that might know. loose or fail so these are some big ones. the span over many years for which they are recalling. stuart: they want to get everything out there. another big name, ande ra, you can make to go orders from your smart phone. stock is down this year but look at it down a bit more. it doesn't mean anything. >> it must mean something. it is supposed to increase production and get to the customers, can staff in the kitchen double checking the orders. you can go into pane ra, pick a table and sit down and make an order from a kiosk and a kitchen knows where you are. forget standing on the line.
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that is for other people. said down and get your table. you are talking mobile apps, kiosks and like. they seem to feel this technology they worked hard on will serve the customers with great accuracy and cut down those lines. i am just telling you what they put out. don: okay. stuart: wanted to find out what this was about. that was a good explanation. got to move on to alcoa. profits were down but better than the all knowing analysts expected. alcoa goes first because of tradition. the real big stuff comes next week with the tech report. charles: you can't discount what they said. i miss impressed by some of the things. they said the demand has exceeded production for the first time in a decade after nine years going down. they saw a surplus in january and now there will be a massive
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deficit. aerospace will be up 9%. large aircraft doing well. automotive could be up 4%, packaging consumer. all these things give us an insight. we try to analyze the industry, the global economy. i think this was an amazing report really. stuart: i am always down on out,. charles: accompany that doesn't execute well and has until long time but as a proxy for what is going on i am impressed. >> i love watching anything related to commodities and if you discount this because tech -- i will point out alcoa shares are outpacing many big technology companies out there. this stock is up 22% so investors take notice. stuart: this calendar year? >> yes. stuart: look at the big board, is wednesday morning, modest gain. started out the show saying this was a bounce back they? guess you could call that in a
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very limited degree. 24 points higher. some startling new numbers on the medicare program out this morning, new data find that of very small slice of medicare providers, doctors account for a huge chunk of medicare payments. in 2012, a quarter of medicare doctors took in three quarters of all medicare payments. the top 1% of doctors account for 14% of the 77 billion spent by medicare on doctors and providers in 2012. who was number one on the list? this gentleman here, florida ophthalmologist dr. solomon melgin who pulled in $8 million in medicare payments. he has a close relationship with new jersey democrat senator bob menendez. what is that about? charles: they went on two trips to the dominican republic that mendez forgot to put down as a gift and had to repay $58,000
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for these gifts. he has put in directly or indirectly $700,000 to the campaigns overs the years. this guy is a wild character. he lost $60 million, had a big beef with his condo unit because of the ukrainian girl who lived there, the fbi raided his office. this is something very wrong to. i don't like the relationship this guy who made $20 million in taxpayer dollars. he has a big business in dominican republic, a new law, apartheid against that. i wonder if men mendez will say anything about that. democrat who cares about human rights protecting his deep pocketed buddy. stuart: that is a wide-ranging statements. somewhat unusual the rate of women stayed at home with kids, going up for the first time in a long time. pew research found in 201229% of
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mothers with children under 18 stayed home. 22% back in 1999. is this driven by economics, money, jobs, cultural shift? sandra: this is a fascinating study and i dug deep into it because i found it in treating. staying at home is a commendable thing to do and if you can do it and want to do it wonderful but that doesn't appear to be just choice by these mothers to stay home. if you look of the unemployment rate in 1999, they are comparing this to, unemployment was 4.2%. last year the average unemployment rate was 7.5% so in general there are more women out of work. that being said the study did show 6% of moms are not working because they couldn't find a job compared to 1% in the year 2000. that is some context for you and by the way when you look at the rising cost of child care against stagnating wages in this country lot of families are
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finding it is more economical to stay home. stuart: you got to pay all of that for someone else to look after. why don't you do it and save the rest of it. the google glass, we tried it on, made fun of it. maybe you could say we have over analyze it. coming up next several examples how this device is a positive. maybe it is the wave of the future. google is pushing it hard. a google glass segment next. ♪
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stuart: not sure i should call this bounceback day but the dow is up 30 points, 16286. where is the price of gold? it is down a bit today. it is 1306, where is the price of oil, $100 and a barrel. looks like gas prices will go up. tax reports, 2008-2013 foreign profit held over there, overseas by american companies doubled.
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the total is $2.1 trillion of money kept over it there because they don't want to bring you over here to pay the higher corporate tax rate 35%. $2.1 trillion and counting. if even part of it came back it would be good for america so why does the president too charles: 1s to control the money. he hinted at doing it several times but also may be taking a large chunk of it and putting it in an infrastructure chest. remember when george bush did the repatriation thing? people argue whether or not it worked. over 800 companies brought back money over $300 billion. you can argue how much went to shareholders but some of that seeped into the economy. we had a pretty good economic boom that happened to coincide at the same time all this money. it didn't come out of anything outside the company. stuart: if the money comes back
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to america and goes to shareholders that is considered bad. that is nonsense. charles: considered that by this administration and the idea is they want a piece of it and wants to control it, bring it back to this country and will find its way to mainstream. stuart: it won't do it. charles: a better job finding its way into mainstream than all the money printing. stuart: you are on a roll this morning, well done. 4 k is the latest in high-definition television, netflix has begun streaming house of cards, a couple nature documentaries, i have seen it. takes some getting used to but it is really a cut above everything else. where we have netflix stock down $3 not much change, $3.45 on netflix, still on streaming we found out amazon past hulu and apple. we don't call it the everything store for nothing but amazon stock is down a couple bucks at $3.24. move on to google, another development, getting into online travel. it will display more photos and
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reviews on their hotel listings and you can book hotels through them. market likes it. google glass, i wear with computing power is used by doctors to help people with parkinson's, the air force is testing it. how will it be used in combat? to let sick kids experience a trip to the zoo from their hospital bed. i think google glass is the big success in aware of the computing and you say what? >> i agree but it has only just begun. nice to be with you and charles. the factor of google glass which i brought with me, mind if i put it on? here is a whi there are several colors. it is a future of wearables. in this format probably not exactly. it is facing social acceptance challenges, there are 5,000 sets out there in the market and you're getting some places that
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aren't allowing you to wear a google glass. once we have apps developed, really take this to the next step and show functionality on a daily basis it will be the future and the popular. stuart: you think, i am sure you are right that apps will be developed for what is called google glass so that you can tailor make the information coming that you very easily to look through the lenses and do it. apps are coming. >> apps are already here for some things especially parkinsons comment you made earlier. that is an apps developing your about hospitals that is allowing you to know when to take their medicine, helps to be a little more -- they can help themselves a little more. take their medicine, when to swallow to remember to not freeze up and it is all through an apps hospital developed a. apple, google allows you through development kits to develop apps for less. charles: that is nice but what about a broader society?
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what will make people want to walk down the street with those on? >> a couple things. i am in new york in the studio and i walked by the empire state building this morning and did not know i was walking by the empire state building the google field trip on my apps on my google glass will alert me when i am walking by different scenic opportunities in a new city. charles: can you drive with those? i bet there will be laws against it. >> there are not yet but someone pulled over in california for wearing it, you can't be ticketed yet but i can see that coming at least not that i know of but i can see it coming. stuart: you walked by the empire state building, it pops up in front of you? >> and a lawyer did says there is a scenic opportunity for you. the empire state building. also places like where they filmed godfather scenes around new york. depending on your setting. another apps my company is working on is when you walk into a room, you know who is there
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and how you are connected to them right in front of your eyes so by turning right or left you can see cards of different people in the room. that will change how people interact, especially networking. stuart: you know everybody all the time and everything about them. stuart: how do you feel about that? not sure like it. >> it is coming. stuart: dr. manny alvarez is so frustrated with obamacare he is considering leaving his practice. he is not the only one who is frustrated. we will deal with it next. i you going to stay? >> you know what? i am thinking very carefully about it.
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>> how can you run a system of health care this way? that is what people are beating private practice and saying that is it, no more. i am thinking carefully about it. stuart: dr. manny isn't the only one frustrated with obamacare. look at the latest poll from rasmussen. under obamacare it will go down and suffer.
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six months from one month ago. here are a couple reasons why. according to a survey of insurance by morgan stanley the average health care premium will rise 11% for individuals this year. biggest increase in three years because of obamacare and according to fox news's jim angle from now until the next open enrollment millions of people will not be able to sign up for health insurance, you can't sign up for qualified policy until january 1st. can sign up for individual and family plans for seven months. you are locked out. every notice how quickly yelp reviews turn nasty? the anonymity makes it worse. we will ask dr. keith ablow. as we said, the facebook era when prices are rising, they have pricing power helping less stock up $2, $0.57, $60 a share.
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britain has cloned its first dog. the owner when in the competition to clone her current pet. what is the pronunciation? dachshund? you are wrong. dachshund. charles: it is spelled wrong on the teleprompter. is german for badger dog. they train them to go after badgers. stuart: you are a font of information. charles: my dogs love them. stuart: would you pay $100,000 to clone your pet? the original dog is still alive. charles: my wife wants to stuff the three dogs i have now. i units? clone them? they come potty trained actor their clones. stuart: here are my dogs, two of them. take on the left as you look at it, arthur on the right. i had trouble with technologies this morning so couldn't get the third dog we just bought on the
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screen but we fixed the problem. it was all my fault and it will be on your screens one hour from now. his name is bailey. you got to make a comment there. charles: are those border collies? charles: stuart: shetland sheepdog on the right and the new dog bailey is a purebred cali. wonderful. charles: you like lassie lot when you were younger. when you came to america that was the first thing you like to. i like this country, let's get glass. stuart: i go back to run in tin tin. remember that? i am taking a lot of time. the first thing i ever saw in television was written in tin. you don't remember that. of former nba player turned entrepreneur, jonathan bender is with us. how did he plan so well?
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what does he think of college players joining a union. we will ask him because he is with us next. [ male announcer ] what if a small company
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stuart: a lot of that coming got. charles, not laughing at charles, he will make us some money with amiga therapeutics. before i don't do enough biotech and this show. we have requests coming to the week. i want to see if i can make lightning struck again. one of the biotech companies making money in part because they have costs on the way but they have greater fee approval on a pain medicine for osteoarthritis. stuart: wait a minute. fda approval, pain remedy for osteoarthritis? that is the english disease. arthritis. damp climate. charles: americans want to play tennis and have great fun which is fine and you can really do it. i love the stock. it came down with the whole biotech pull back, $12 off of
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the 52 week high. charles: stuart: the english disease, arthritis. i might state that. retired from the nba, making it now in the medical device industry, made a successful transition from pro sport to business and guess what? the man is here. welcome to the program. good to have you with us. you play basketball. for indiana. >> for indiana. stuart: the pacers. what position did you play? >> i played a series of positions, shooting guard, i was all over the place. stuart: what is small forward? >> you haven't played much. stuart: not for long time. >> the arthritis thing. stuart: you made a transition from making decent money, big money in basketball and now you are successful entrepreneur. you have a medical device
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company. >> we have over a hundred affiliate's who are doing very well. we have two of them that stick in my head, george -- in the florida area, doing great with this opportunity and helping other people as well. stuart: a shoulder device? >> it takes pressure off of the lower extremity so it puts you in at 0 gravity field, makes you feel you are in water or in space, removes the pressure from the lower extremity, directs the pressure to the muscle, you get the muscles stronger to take the pressure off of the bad joint. stuart: when you didn't create this device. you are the face of it. >> i created the device. stuart: you did? >> i created it for myself because i had to retire from the nba before my chronic knee injury. i developed it and use it for three years and came back to
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play with the knicks. stuart: you sold your own medical problem by the device that you invented. now you left basketball lanes you are making good money selling the device that you invented through affiliates around the country. what was the name of it? >> the j.d. i team metro. stuart: a couple questions. how do you like the medical device tax to pay for obama? >> don't like it at all. i don't like the tax. it is something we have to do. we have to contribute. what can you do? stuart: when did you retire from the nba? >> 2010. stuart: by that time you were paying more than 50% of your income in taxes. is that right? how do you feel about that? >> that was the stinger as well. stuart: this is going very well. you are welcome on this program. you don't want a medical device tax, you don't like to pay more ded do we, you said come in
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right in. >> part of the crew. stuart: if you are not careful you are coming back. what do you think about college athletes unionizing? you didn't go to college the you were drafted out of high school. >> i love it. when you look at it you have college coaches making millions of dollars in these guys are barely getting by, you're giving them a free education. they have to work, they have worked out and individual workouts, team work out, they got to travel, they got games and then they have to study. in between, get a little something. stuart: what was that little man, the n.c.a.a. guy, napier, didn't he say he often went to bed hungry at night? he said that? >> i can't believe it. stuart: that age in that condition you are always hungry. you can fill a guy up. >> when you got to be out
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running eight miles, trying to stay in shape and keep my education to get there, i got to get something to eat. you can't give me a banana. give me an apple or something. stuart: if you are not careful you are really going to be back on this program. i want the name of the company again. >> j b i t met parole. stuart: it is a medical device that takes the weight off of your lower extremities. >> anyone with lower back pain, osteoarthritis in the knee, hip problems or even shoulder injuries. we also offer a program, rehab program on line with a doctor of physical therapy that takes our patients and customers through these exercises on line. stuart: we like success stories, we really do. come back and see us. the indiana pacers. got it right. you were a short forward, small forward. what was it? >> shooting guard and small
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forward. stuart: shooting guard and small forward. >> and small forward. stuart: and small forward. i don't get it. you are 7 feet tall. >> 7 feet tall. you got that right. stuart: time is up. you are all right. come back again. next up a libertarian author agreeing with me on things like this. government and the government mind-set is all about restricting you, handing you in, controlling you and the lawyers are always there to take their peace. when regulations hit you directly used to start losing your enthusiasm for government. why is our arizona-based company relocating manufacturing to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones
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where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at
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>> comcast and time warner executives on capitol hill facing questions on the proposed merger. approved the new company would have 30 million customers at 3% of the total u.s. market. comcast began streaming t the night netflix and amazon prime. the companies have to merge in order to be competitive. call it a sign of the times, from spending for high school lawyers falling 14% from last year. on average households will spend $970 on dresses, tuxedos, limos and dinner, that is down from $1,100 in 2013.
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those are not alien lights on the surface of mars. this photo making the rounds on social media, looks like a beam of light. nasa says it is a camera glitch similar to lens flare. people have that up next. (dad) well, we've been thinking about it and we're just not sure. (agent) i understand. (dad) we've never sold a house before. (agent) i'll walk you guys through every step. (dad) so if we sell, do you think we can swing it?
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(agent) i have the numbers right here and based on the comps that i've found, the timing is perfect. ...there's a lot of buyers for a house like yours. (dad) that's good to know. (mom) i'm so excited. they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bacteria and helps dissolve stains. that's why i recommend polident. [ male announcer ] cleaner, fresher, brighter every day. >> 3 million or so jobs, 80% do
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not require four year degree and for whatever reason people don't seem to want them so we are lending money we don't have to kids who will never pay it back to train them for jobs that don't exist anymore. stuart: former dirty jobs host mike road turns out he is dead right. there's a shortage of skilled construction workers. give me that we. >> what happened during the recession 2 million construction workers lost their jobs in several years since the economy is recovering and the housing market is recovering so you have got a shortage in the construction industry. many of those 2 million workers got other jobs, many didn't. the other thing that is going on if you look at construction workers these days teens are deciding to go to college, not technical schools and current construction workers are getting older, one out of five is at least 55 years old. they have this issue and if you have a worker shortage that affect construction projects, makes and take longer and cost more money. stuart: you don't go to college to figure out how to be a construction worker.
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you go to an apprenticeship, get out and work. one other factor, what about all those immigrants who left the country because they were very begin the construction boom in the last decade. >> the group pushing for hiring in the construction industry says we need immigration reform. we need protection from immigrants in the u.s. and need to make it a little easier for immigrants to come in for farmworkers to come in and help us build our homes, buildings, construction projects, whatever they are. stuart: check out bank of america, it is going to pay an $800 million settlement to the fed over credit-card practices, no impact on the stock. big name, you know it, started trading today for the first time. you ever stay act ballet quincea? >> no. it gets waive reviews and the stock is up 17 and a quarter. it is to the downside below the ideal price of $17 to $16.32,
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since regained those numbers and moved as high as $17.24. the ceo was on earlier today, it was met with that as well. stuart: not quite the same as high-tech ipo which sometimes goes to the moon. >> no way. that would be apples and oranges. stuart: well said. the dow is up 44 points and that puts the dow at 16,300. not bad to get back to their. what are you smiling at? charles: you don't want to know. stuart: you should look into regular. yesterday i gave you my take on the different forms of regulation and how i think the government should just get off our backs. watch this. you have to have some form of regulation. amity is not attractive to me but i get the impression this
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administration is gung-ho for any and all rules. this government doesn't trust the people, it doesn't trust us to make the right decisions for ourselves and our families of the demands a certain kind of health insurance and it demands the we buy it. getting fired up, wasn't i? joining me is the author of don't hurt people and take their stuff. he is also the ceo of freedom works. he joins me now from d.c.. great to have you with us. you are libertarian, flat out libertarian. >> i am small out libertarian. it means i am not a member of the party. libertarian is and is a philosophy based on liberty, the respect and love law. stuart: seems to me the rise of libertarians coincides with the rise of bureaucratic big government. to some degree your success in politics is the reflection of the dead hand of government that
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is trying to stifle us all. you would agree with that. >> absolutely. that tyranny you are talking about, all this regulation gives a lot of discretionary power to gray suited bureaucrats you will never meet and never get to know but they can now target you based on the complexity of all these laws that frankly the government has no business sticking its nose into. stuart: the rules and regulations hit you on the ground floor of life. it is the little things. not so much financial regulation, not so much obamacare though that is important but stuff that happens in your everyday life as you bump up against government. that gets to me. that is what gets to most voters. >> that is the glass ceiling on success. is not about rich people and how much they pay in taxes but whether or not we are still going to allow people to have opportunities to get rich, for your kids to get rich someday and all of this complexity, all
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of these rules, barriers to success don't punish the rich. the rich have their lawyers, their lobbyists in d.c.. the rest of us are banging on that ceiling and we need to break it. stuart: one last one. would you accept that you guys, libertarians have really split the republican party? what would you say to that? >> in 1975 ronald reagan said the heart and soul of conservatism is libertarian is some. the next year he primary is sitting republican president. did he break of the republican party or save it from the insiders that corrupted it? that is what we are doing. we are restoring the ideas of freedom, repopulate the republican party and it is good for them and the country. stuart: sap is a good dancer. the name of the book one more time? >> don't hurt people and don't take their stuff. stuart: matt kid be in d.c.. dubya come to new york and put you on the set with us. thanks.
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you have a little over a million dollars and are looking to buy a home. where do you find a better deal? memphis, tenn. or boston, mass.? aside by side comparison. how far does your money go in those two locations? that is next.
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stuart: the popular ford focus claims the title of world top-selling car, second year in a row, sold under 1 million of them in 2013, up 8% from a year before. bid reason for this booming popularity is china sales. they sold 400,000 of them in that country. look at the share price of ford motor co. down a bit below $16 a share. memphis versus boston. where is the better deal if you are buying a home? cheryl casone has done the legwork and is here with the latest edition of hot profits. welcome back. start with memphis. tell me what i could buy for $1.3 million. cheryl: five bedrooms, 6 baths on a one acre piece of property.
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you also get by the way the garage has a thousand feet of square feet of garage. just of the garage. price per square foot comes $144 per square foot. last time this property was sold november of 2003, 320 grand. it is going for $1.3 million so 11 years that was your profit. stuart: that is a big you get in memphis, tenn.. what the you get for the same price in boston? >> you get a condo. an apartment in boston, two bedrooms, two baths, 1,000 square feet, just a bit over a thousand square feet for $1299 million and it sold in 2010 for little more than $1 million so you haven't made any profit. stuart: quite obviously the memphis deal is a much better deal if you just look at what
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you actually get from the boston deal. >> at decent area of memphis, lot of rough areas in memphis but a nicer part of the city. stuart: can you make enough money to support a $1.3 million house in memphis, tenn.? cheryl: deegan what you do for a living but the jobs picture in memphis is not strong. unemployment is higher in memphis and has high crime rates. stuart: location location location location. charles: the number sold for 300 grand and they won a one.3? cheryl: that was in 2003. charles: the rate of inflation would be $378,000 house. this is a 200% above inflation. i feel like a sucker buying it at $1.3 million. stuart: a little overpriced. charles: based on how much appreciated -- cheryl: the key, this is an investment property for someone like you. you would be looking at the different angle, we all do in
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2003 but at the same time i look at this the only thing comparable is the property taxes. year. they are is that equal. what does that tell you what government is doing? i have to find that out. stuart: property taxes about the same. good stuff, thanks very much. wouldn't you know it? more problems with obamacare. is a mess. we will lay out at the top of the hour. are we more vicious when we posed online anonymously? dr. keith ablow puts yelp reviewers on the couch. two minutes. but ling ] [ telephone rings ] [ shirley ] edwa jones. this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ malennouncer ]'d expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do.
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it's how edward jones makes sense of investing. ♪ it's how edward jones makes sense of investing. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (aaron) purrrfect.
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(vo) meee-ow, business pro. meee-ow. go national. go like a pro. so ally bank really has no hthat's right, no hidd fees.nts? it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. ♪ wednesday april 9, is it possible? things are getting worse for obamacare? yes, it is. new reports, your cost going through the roots. our obamacare watcher spelled out the badness are in astonishing, cut taxes
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and spending, do not expect a similar miracle here. we bring you a success story, a guy who used to sleep on the street now gives cash to start a business is. he has good judgment. he is making big money. so is monument valley, ever heard of it? it's a. you pay for it. it's wildly popular and yes, it is making big money. do not ever forget doctor keith out low. he answers this question, are human beings naturally vicious when they can be anonymous? it's all about yelp. ♪ ♪ >> any of the tall tales that have been told about this law have been debunked. there are still no death panels. armageddon has not arrived. instead this law is helping
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millions of americans. in the coming years it will help millions more. stuart: well despite all that cheerleading by the president here is the reality of obamacare, putting it simply it is a mess. 53% of voters say the quality of care will get worse under the law. according to morgan stanley premiums for individual plans are rising. by the way, enrollment is closed for 10th of it millions of people until january. grace marie turner from the institute and he see's right here. we said all the time it is a master it i think it's falling to pieces and yet it doesn't fall to pieces. it is round down next to another three years and there's nothing we can do with it. would you agree? >> you can't really spend $2.6 trillion, which is what this law ultimately is going to cost without helping someone, but the wreckage
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this law is leaving in its wake is extorted. that's at the number jobs that are being lost, the high cost and the millions of people who are losing their coverage also losing it on their own, about to lose it with their employer through the wreckage is enormous and for the president to disregard that and talk about his law that has passed and doing-- helping million people, maybe. is absolutely outrageous. to disregard millions of people being harmed by this law. stuart: let's speculate for a second that there is a republican sweep in the elections in november. suppose that happens. would that make any basic fundamental difference to obamacare? could any part of it be really changed or rollback in the event of a republican sweep? >> remember, store, and actually passed most of this law through a process of reconciliation, which only requires 51 votes of the senate. if they were to tackle the
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spending part of this law then that can be passed with 51 votes and there are ways they can do this that the president have veto power, so yes they can make major changes to this law and to look at how should we really be helping people rather than causing this wreckage that this law is having. stuart: that is interesting because therefore it is not a pipe dream, the idea of a really replacing, changing fundamental parts of obamacare. not a pipe dream to read you say can be done if there is a republican sweep. >> and i think also it's important to notice, stuart, that the people who are really putting pressure on the white house to make changes to the line now are democrats who are scared to death about facing the voters. if there is a sweep then those democrats who are left will even be more likely to support changes to the law, so they don't have a
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backlash from the voters when they are up two years after his. stuart: grace marie turner, i didn't realize that. i didn't realize changes possible. grace marie turner, always a pleasure and they give are joining us. >> thank you. stuart: move over expedia, move over priceline and google is getting into online travel. google will now display more photos and reviews on their hotel listings and you can book hotels through them as well. is there anything google is not going to get into? the stock prices are at 5583 ballots look at looking to. it started trading today, a hotel chain and it is up now , it opened lower, but now it's up a little bit 1733 on la quinta. we go to another ipo we are watching. i can healthcare, this is china's largest private operator in medical exam and disease's grease centers. the market loves it.
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to nicole, toyota issuing a massive recall , so where's the stock? >> six a half million vehicles worldwide. we are looking at toyota down 1.6%. out 1732. worldwide recall. this is shortly after they are paying their criminal settlement of $1.2 billion, that was the penalty for the unintended acceleration. where they produced cars even knowing that that was a potential problem, so we are hearing these automakers pride to be more proactive with recalls and the like, but it seems-- i feel uncomfortable. they are doing this recall, you have gm reap avoiding questions. i read this week the honda pilot was having issues as well as the mazda suv and i'm being very careful to go around for company to come because it seems that all the automakers just don't have it that easy. they have to put out some
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sound of vehicles that need to be safe. stuart: what strikes me is the affect on toyota stock where just a couple months ago that thing was around $130 a share now it's about $107 and i notice general motors broke below $34 a share at it those interesting do it coming to this, lauren? >> the issue with toyota is that after that string of recalls, about four years ago after the earthquake and tsunami in japan they're finally getting their profits back. every thing was looking good for the company and now this. stuart: they went from 702 mac 130 now i'm another big down to 107. markets are very responsive to this kind of stuff. >> and in terms of all these cars either failing or getting poor grades on the insurance institute for highway safety test or the government stepped the tests are getting harder and they are being more responsive to quality, so we are getting more recalls. stuart: where are we on the big board? the dow industrial is now on the 58 points, maybe another update for the dow, maybe a bit of a bounce back. take a look at the nara i'm
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abate just launched the nara 2.0 and it allows you to-- it allows you to-- what is this? >> you are british, you don't really do take out. stuart: so what are they doing here with panera, you can order up with your cell phone in your smart phone to read you can order to go, right? >> right. you can make a to go order on your smart phone. stuart: since when has that been a huge innovation? i don't see that? when it comes to television original content is king. check the sharp price of the big player, they would be amazon and netflix, all coming up with hot original shows, hassle cards, for example. the traditional networks will say they are falling behind. nbc has been driven to asking their viewers to pitch them ideas for sitcoms.
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welcome back, shayna. >> i'm glad to be here. stuart: i see this as simple. i see the online guys, the netflix, amazon all the rest of them coming up with original content , original programming, they are streaming it and dow the program networks to read is it that simple? >> they are technology net by doing this contest. they are asking their viewers to submit ideas for the next big thing. clearly signaling they are looking for the next big thing and maybe haven't found yet. these are streaming services are clearly winning out. stuart: we have also said that streaming is really taking over. it is true with my younger children to read they stream. they like to binge watched, for example. would you go that far, streaming is where entertainment is and is going? >> there are a lot of folks that aren't even licensing networks and they are only streaming and a lot of the younger generation is doing that. we watched house of cards, binge watched in your terms.
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and my husband and i watched every single episode. i understand the concept of it being watching. yahoo just announced last week they are getting original tv shows for the xbox and yahoo as well for-- they're rumored video service, so everyone is joining the game. i think these bigger networks need to be concerned and really up their game. stuart: i'm not sure where they can do. >> hopefully they can get some of those folks are netflix and amazon to come over and produce, perhaps. stuart: maybe sell. shayna, thank you. monument valley, that is a new puzzle game. it's the hottest thing on apple's app store. lawrence seminary is here. why are some people calling this the anti- candy crash? i don't get it. >> two reasons. i love the story, by the way. i had never heard of monument valley until doing this story. it's an app that cost $4.
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is a premium app and its number one on apple's app store for premium apps. it takes you between one and four hours and you're done with it. it's expensive up front, no added money to get to the next level when you're in it. you finish it. you put it down for hours and people are paying $4 for four hours of entertainment. stuart: that's interesting because it used to be if it wasn't for you to know why it. now people in large numbers are paying $4 for a game. >> so the british publisher you will have later on the show this week, up to, candy crash that free model where you don't pay up front, but then you pay with an app, they say that that model is exploitive and they are changing and you can see that with this success of monument valley. it's number one. to hit the market last thursday. stuart: since you asked to do the story, have you played it? >> no. i don't play games. stuart: four dollars and you own it forever.
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nothing wrong with that. it's not expensive. >> and you can be done with it in one hour. it's $4 for one-$4 an hour. stuart: do you think that's expensive? >> i am surprised semi people are are paying that. stuart: really? >> yes. stuart: shayna, do you still have the microphone on? i don't think $4 for a game is that expensive. >> it's not if it's fairly entertaining. one 24 hours is pretty good. i think that there is some value in having the one-time upfront expense . stuart: you can them play on the ones, can't you? >> yeah, but why would you ask i haven't played it. i've watched a video and apparently it's soothing. the music is nice. stuart: i don't know what you're talking about. i'm prepared to admit that monument valley is worth every that you pay for it.
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premium versus premium. i think there's a switch in the marketplace. our viewers need to know this. how do you go from sweeping outside of a starbucks to investing hundreds of thousands of dollars in start up? we will ask a cornell student who did this. that i. he's next. ♪ ♪ ♪ ♪ ♪ capitato make it happen? that makes it real?
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(agent) i understand.
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(dad) we've never sold a house before. (agent) i'll walk you guys through every step. (dad) so if we sell, do you think we can swing it? (agent) i have the numbers right here and based on the comps that i've found, the timing is perfect. ..there's a lot of buyers for a house like yours. (dad) that's good to know. (mom) i'm so excited. ♪ stuart: this e-mail coupled with a few other others that surround a show, a pattern with a view these cases is very dangerous. these groups of varied dangerous and set the input of chief counsel's office to continue the target. stuart: yes, we have more than irs targeting. political opponents of president obama. he represents some of those tea party groups who were indeed targeted by the irs. now, we have this development in the washington times.
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the irs dallas bureau turns out it was commonplace to have pro- obama material plastered all of the office. campaign stickers, buttons on workers deaths. at other locations irs workers urged taxpayers to vote for obama. elizabeth gold is here. more proof, that in my opinion virus has become politicized. >> this political activity on the job, at work by the irs workers is against the law. the democrats or republicans is against the law. they can do politicking off duty, but here's the problem. the irs workers, one of the biggest federal workers unions, the head of that union actively campaign for president obama without a statement when president obama was elected saying he is the right leader for the country and the right leader for the proto- workforce and actively campaigned in swing states like ohio, michigan and indiana.
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stuart: this is fascinating. >> this is on the record. irs workers are unionized. that the issue. they are allowed to actively campaign off the job, but the problem is if they bring it into the workforce that's against the law, so there is that by line here where you have a federal workers union with irs workers in it actively campaigning for the president off the job, but now they are bringing it into the workforce. stuart: into the workforce. that's good stuff. thank you much. here's another development through the house ways and means committee just approved a criminal referral asking the justice department that they want the doj to conduct a criminal investigation about lois lerner. that develop it was expected and it has just come down to read whether or not the attorney general actually goes for criminal basic asian is another story entirely. from iraq-- from rags to
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riches. our next guest with from sweeping outside a starbucks store in manhattan to investing big bucks in the new internet startup companies and he has yet to graduate college. here's one of the founders of cold venture. what do the program. >> thank you. stuart: you are sleeping outside a starbucks? >> things got weird. stuart: but, now let me see if i have this right cold venture, you select entrepreneurs, young entrepreneurs. you look at them a look at their idea and if you think their ideas good you give them $20000 cash to get on with it. is that what you do? >> we invest into a. with 40 full-time developers and designers and we look for founders with strong expertise. if you want to start a company in the media industry and have great expertise and we would say all right we will build your software in the hook you up with $20000 in cash and ask you for a small piece of your company. stuart: you build the software? >> yes. we do both things to read we give you cash and build your
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software. stuart: and what you get return for this? >> we ask for a small piece. usually between five and 10% of the company. stuart: cash and software goes to the young entrepreneur that you select with, equity, h piece of the action comes back to you? >> yes and we think this makes sense or if you'd reasons. the types of founders receive those billion-dollar companies today are different than they used to be. these aren't engineering founders. or cold, google, etc. those work, but why is it every venture firm is focused on helping engineers when the founders might not be engineers. so, we want to be a firm that focuses on the new type of entrepreneur. stuart: are you a software guy? >> i do product management for our team, so i have moved away from coding and my main role is finding the people. stuart: you used to write code? >> a lot of my engineering friends tell me i write sloppy code. stuart: you still are a techie, bottom line.
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>> yes. stuart: how did this all start? how do you go from sleeping outside a starbucks to this? >> the first start up i cofounded was software-- stuart: wait, wait, wait you just lost a. >> not a problem. imagine you were on a new story and you could extract a motion sentiment and license it to financial institutions so they could trade on public markets. stuart: that is our you started? >> yeah, yeah. stuart: went from the get-go? >> i had a blog before that in the kind of moved to this. ultimately the company did fail, so that's when-- stuart: that's why you are sleeping outside a starbucks. >> yeah, yeah. i randomly got a job working behind the counter and the founder today is like the greatest mentor i could address for. i ended up getting asked to speak at a conference called.
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[inaudible] about cloud sharing and privacy in a ended up picking up a few clients and they asked me to do something i wrote would say i could do it. i needed a job to read i would figure out how to do it or hire someone to do and just keep going. eventually i getting more referrals and my cofounder was one of my clients. stuart: cold venture. you are part owner. >> yeah. stuart: you get a piece of the action. >> yeah. stuart: would you sell for $100 million? >> i don't think so. stuart: you would not sell? a couple years ago you were sleeping outside of starbucks and now you are turned out at 100 million? >> i don't think that it's about that for me. stuart: get out of here. >> i own 130 things. if i get something new i give something up. >> you would pass up $100 million? >> the opportunity is about bringing the world forward. if we can build a firm that we can build up-- find a
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place for someone-- stuart: are you kidding me? this is america. you don't $100 million? >> 100 billion. stuart: i knew we would get there sooner or later. 100million is peanuts. you want a billion. >> on a build something powerful that pushes this world forward. stuart: you are a good man. a success story. that's a good small you have their. you go to columbia? >> cornell. stuart: do you know the roscoe diner on route 17? >> yes. stuart: great place. my picture is up there. >> over the meatloaf? stuart: you are a good man. you should take the 100 million. >> you didn't hear my joe, stuart. i said where's the photo, over the meatloaf .
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stuart: in the bathroom. you are a good man. a socialist press demanding tax and welfare cuts. i feel like i am in some kind of ultimate universe. my take on that is next. ♪ i know a thing about an ira ♪ and i got the tools ♪ to do it my way ♪ i got a lock on equities ♪ that's why i'm type e ♪ ♪ that's why i'm tyyyyype eeeee, ♪ ♪ i can do it all from my mobile phone ♪ ♪ that's why i'm tyyyyype eeeee, ♪ ♪ if i need some help i'm not alone ♪
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stuart: all right, everybody, look at this. the dow is up 78. here's what is coming up. yelp reviewers on the couch. are we nastier when we post anonymously? plus how much would you pay to clone your dog? that is a cloned dog, it cost $100,000 per copy. we will all set our price later this hour. to say i was surprised is an understatement. i was flat out shocks. a socialist demands tax cuts and
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welfare cuts. who would have thought. unfortunately we are not talking about the united states, we're talking france. this belongs in ripley's believe it or not. he has seen the light. this morning he called for 11 billion euro worth of tax cuts on top of the 30 billion already on the table. government spending will be cut by 50 billion they include a slice taking out of the sacred welfare system. this is a socialist. he leads the party of that name, the socialist party. now he is cutting taxes? what is going on? his approval rating has hit a historic low for any french president and his party just got clobbered in the elections. finally he is being dragged to
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reality. socialism doesn't work, you can't have cradle to grave welfare without strong economic growth you can't have growth without a robust private sector and for that you need less government. he has seen the writing on the wall. so let's bring this home to america. i have a vision of a collectivist route this november. the left swept out of power and a repudiation of all government all the time policies. it is possible president obama would see the light? probably not, but what about a similar revolution in the presidential election of 2016? now you are talking. if they win, america could be a dynamic society again. it is just a dream but after the french tax cuts, certainly anything is possible. in the long nightmare known as the obama era it is surely okay to dream, isn't it? can you start tomorrow?
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yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves.
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he has the most my dad hacommon kind...llation,'s not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests
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or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa.
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[ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even more pressive is how he puts it to work for his clients. ♪ morning. morning. thanks for meeting so early. oh, it's not a big deal at all. come on in. [ male announcer ] it's how edward jones makes sense of investing. ♪ stuart: i got a report beef prices have hit new highs and lauren is going to tell us what is going on in the beef market. lauren: sirloin with a side of sticker shock these days. two reasons, the first is the size of the cattle herd is the
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smallest since 1951. the second reason is the weather, a drought in many parts of the u.s. you can be able to see your pain about $5.30 for a pound. back in 2008, it was 33% less. two consequent as of rise in beef prices. fast food chains, mcdonald's doesn't have a dollar menu solely anymore. heather dollar menu and more. food inflation is affecting yum brands. and the second consequence is chicken prices have increased but not as much as beef. stuart: are currently 87 million head of beef cattle in the united states. peggy 35 it was 137 million. that is a big deal, isn't it? >> and there are more people now.
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stuart: no more dollar menu for me, i guess. thank you very much. next story. the roscoe diner. >> at your picture in it. stuart: in the bathroom. let's move on. more on obamacare. the headline number 9.3 million people gained coverage. liz macdonald, dig beneath the 9.3 million number please. >> 7.2 million of these people got their insurance through their jobs. 21.4 million of the uninsured got insurance through the exchanges. so this is a stunning result coming from the corporation right now. stuart: if i am a conventional news operation i take the headline and i run with it. 9.3 million people gained health care coverage.
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but we are not established media, you dig down, only 1.4 million. >> got the coverage through the exchanges. a survey based on the people extrapolated out. 7.2 million got insurance from their jobs, only 1.4 million as rated got insurance from the exchanges. we're talking uninsured got coverage through medicaid, so what we're talking about is important. we were talking with how he needs to get growth back in this country. you have to get the jobs in to cover the uninsured. stuart: take a look at the yelp, it is flat this year. a backlash against the stock because of anonymous reviews. posted on yelp of the businesses. ever notice how quickly online
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reviews can turn nasty? now, does anonymity make that worse? joining us is dr. keith ablow. here is the question, doctor, does anonymity make us more vicious in the review of others and businesses? >> absolutely. this is the equivalent of road rage. everybody feels they can be anonymous. suddenly they are rocky balboa behind their jeep cherokee. similarly people can channel a lot of hostility that has nothing to do with the business or would be a much more measured kind of comment in front of the business owner in the typing, it disconnects people from relationship and it allows them to pour in all manner of violent thinking. stuart: that has always been your point, it is impersonal and
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if it is also anonymous and they thrive on anonymous reviews, it is even worse, does that disconnect between you, the real person and what you are really talking about, this is right up your straight, make hay with it. >> it absolutely is because there is the possibility for fraudulent, you do it intentionally, but even if you are not, there is a clear disconnect when you're on a keyboard and trading with the monitor, you're not interacting with human beings. so it is bringing forth from you any number of emotions that might have to do with the fact he just had an argument with your wife, might have to do with the fact that you are unhappy with your job, you are going to take it out through the keyboard, tapping emotions that might have nothing to do with the subject at hand. stuart: what do you say about this new study that found active
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twitter use can lead to divorce and infidelity. i know it is right up the street. >> put your store of faith in this story. people who interact with artificial technology as though it is real are disembodied people, people who can't relate anymore in their marriages, they are choosing technology, so what did the study show quest mark people who use twitter mark, their marriages fail more, they have more arguments in their marriages. people who use facebook more have fewer relationships in real life because they are directed to a drug and addicts make bad husband and wives. stuart: i wish i had more time. one day i will be on your couch and we will visit this in-depth.
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you make a very good point, very interesting stuff. come back and see us soon. take a look at the big board, near the highs of the day. of 81 points as of right now, so will stocks get back on track once the tech names report their profits next week? is that the real indicator of the stock market? the real halftime report is coming up next.
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>> the world may have escaped tough to legislation that could have put an end to the well show. it would have put limit to orkut captivity, it has been delayed. the good news is shares are up by 2.5%. take a look at intuitive surgical. the stock is down 6%. it was up the big after the fbi revealed he surgical system, different story today the earnings fell by 24% on weak demand for that system. the stock taking a big hit as you can see.
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another auto recall to tell you about. it is not toyota or gm, it is volkswagen. ordering stoppage of new models. a problem with the o-ring can lead to engine fires. more on a massive toyota recall next in the real halftime report. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at
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anbe a name and not a number?tor scotade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announce ranked highest in investor satisfaction with self-directed services by j.d. power and associates. stuart: there is a graphics, hears my voice, is the real halftime report from chicago their 11, from the network
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exchange, nicole petallides. and alcoa kicked off the earnings season. wall street is waiting for the big tech companies and their profits next week. that's the real indicator for the market, isn't it? >> they lead the market, it is about time the market look through the changes in the earnings we have seen. they will see really how good are they. we will have some beats. what is really going on there? it is a part of the tech sector to gain and move higher. everybody has done a u-turn. now it is off the road. stuart: you like them, don't you? charles: expectations are so much lower. a chance to knock the ball out of the park so there will be some big news.
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don't discount all of the industrial names of the world, we need those to click as well. charles: big indicator. >> it is big, if they don't eat them, use the other side of that, the tech go down as a whole and the rest of the market follow. stuart: alcoa, can't knock it, up 20% or so this year? nicole: obviously it is a gauge for demand of the world economy. talking about the aluminum prices under pressure, now a different picture. we are seeing alcoa seeing more demand than production. aerospace, automotive expert high demand in those areas and that is why the stock is to the upside. stuart: toyota, one of the largest recalls in history, more than 6 million vehicles coming back worldwide.
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we used to call it teflon toyota, does that still hold true? >> analysts would say yes, this comes underneath the gm debacle. their reputation has been dent dented, they are still trading below the levels of forward earnings bases is what ford and gm are. toyota essentially saying no crash, no fatality. it could still hold. stuart: coming out of the woodwork after what happened to general motors. would you by toyota stock? >> i would buy it on a purely specular bases, maybe upside to 115 on the risk-reward basis. i'm not sure i would want that kind of a risk. if those going to throw some money at it, yes, i would. it would be very short-lived. you look at the stock, not only
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in terms of the reputation, the stock is looking pretty awful. stuart: before we go any further, what are all of you people doing? shouldn't you be preparing for the latest fed minutes? larry, what are you doing here? >> i normally nap before and during the minutes. stuart: not filled with anxiety of what the fed is saying? charles: the fed is trying to continue the tapering. but we will not raise rates at least until the end of 2016, people would love to hear something like that. >> i will admit it, stayed glued to television to figure out what they are doing, what they are saying, it is just gobbledygook. unless there is some are made, it will be a nonevent. it can change like that.
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stuart: don't you have researched to do? >> i'm going to go outside and watch crabgrass grow as well. this is mistaking activity for achievement. it will be more of the same. stuart: show us linkedin and what is happening with it. >> they say it has been down lately with the group down 15, 20%. they think going forward it is a compelling entry point at this level because of the selloff we have seen. they expect the numbers to be good for the first quarter, beat the estimate. that looks like good news. stuart: thank you, everybody. i know the fed is coming up, so back to the desk, ladies and gentlemen. thank you, one and all.
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internet users beware, uncovering an internet security flaw. it affects the encryption technology used by about two-thirds of all the websites out there. risk and reward host is here. is my personal information up for grabs again, is it safe? >> it seems as if it could like all of ours be compromised. you named the bug. it sends out signals essentially tricks the servers and as you said for very popular websites, gmail, facebook, it basically sends out like sonar this idea or this signal to see if the servers are connected and can trick servers into getting over information be at honestly i am the worst. all of my passwords welcome one to three. we will have some guest to talk about how you can protect yourself.
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and one step further an on how s applies the business community. a lot more coming online, we will have it for you in 10 minutes. stuart: thank you. look at a picture. that is charles' dog. would charles pay to clone him? we will ask him. next. [ male announcer ] when fixed income experts...
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♪ with equity experts... who work with regional experts... that's when expertise happens. mfs. because there is no expertise without collaboration.
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stuart: curious about a stock? we told you to tweet us, and today you asked charles about athlon energy. charles: ryan did. this is a good one, stuart. oil and energy play. more specifically down in texas. last time we reported cash flow was up 100%. most of that oil is fantastic. oil equivalent up 48%. i was stick with this stock, i believe it has gone much higher. stuart: a dog that was cloned in the uk for $100,000 in a test tube. i want to know, would you clone your dogs?
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>> yes, if i was a billionaire, i would clone louis. charles: i would do it for the family. he takes i insulin shots every day. >> would you clone your dog? stuart: no. jake on the left of the screen, and arthur, i named him arthur. they are on the right. he is a puppy, only five months old. he is robust. your take is next.
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>> small force all over the place. small forwards, you haven't played much. stuart: this is going very well, you are welcome on this program. you don't want a medical device tax, don't like to pat your income in taxes, neither do we, you fit right in. you are 7 feet tall. are you 7 feet? >> you got that right. stuart: if you are of varney fan you know i like soccer. soccers my sport of expertise but it was fun to start talking to jonathan bender. here are your views on the rest of the program. james had this to say whether he would clone his dog or clone me quote that wasn't charles the first attempt at cloning stuart varney? very good. we are out of time. here is a risk and reward. dierdre: thank you for joining
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me on risk and reward. we have more ways to invest your money beyond stocks and bonds. we focus on real estate, hedge fund strategies, in venture capital. our first story researchers discovered a major online security risk. we will tell you what you can do to protect yourself and what it means for the investment community. more ways to make money and better ways to keep it. ♪ >> other headlines we are tracking, sotheby's is fighting back against activist investor dan lowe. the billionaire hedge fund manager is out for himself, not shareholders. we will take you through activist math and show you why this is the golden era of that kind of strategy. the mid price hotel chain started trading today higher,